Located less than one mile from the worlds most beautiful beaches. East end of the beaches for easy access to Panama City, the bridge, restaurants, activities... Paved streets.
Only 1 mile from the World's Most Beautiful Beach! The individual lots are large 75' X 190' . Each lot is serviced by 1 water meter and the entire park shares a dumpster. There are currently 3 units on each lot but is zoned R-4 for up to 5 units per lot. I own all the 17 units on the 6 lots which includes 15 mobile homes and 2 cabins. Zoned Multi Family and Licensed as a mobile home park. You can keep the current homes, sell them to tenants, bring in new homes or rent lot space. There are currently three large 3 Bedroom 2 bath units and the rest are 2 bedroom units. The rents range from $650 - $1000 monthly per unit. Each of the homes has been well maintained and have front porches and lots of trees. Good renters and the park has a good reputation for the area. I've owned for 10 years and am strict about things being clean and kept up. I've managed the park from out of state and wanted to retire there but health issues have altered my plan.
I own a total of 15 lots and am willing to sell all or split up the lots and sell minimum 4 lots along with the units owned. The price of $699,000 includes the 6 lots and 17 homes. Additional lots could be bought for $100,000-$150,000 each or 10 lots and current 22 units for $950,000.
This is an awesome investment opportunity. I may consider some owner financing with at least 50% down payment. The values in this area are sure to increase and I have very low vacancy rates. Summer is a great potential for increased rents. Sometimes I rent a 2 bedroom for $400+ per week furnished.
Call 602-430-3139 to discuss details. I'm a licensed real estate broker in both Florida and Arizona.